Impact Capital Partners LLC Sells 138 Shares of International Business Machines Co. (NYSE:IBM)

Impact Capital Partners LLC decreased its position in shares of International Business Machines Co. (NYSE:IBM) by 11.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,095 shares of the technology company’s stock after selling 138 shares during the quarter. Impact Capital Partners LLC’s holdings in International Business Machines were worth $272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new stake in International Business Machines during the 4th quarter worth about $902,000. Brighton Jones LLC lifted its holdings in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Trilogy Capital Inc. lifted its holdings in International Business Machines by 6.0% during the 4th quarter. Trilogy Capital Inc. now owns 975 shares of the technology company’s stock worth $214,000 after purchasing an additional 55 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in International Business Machines by 18.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,767 shares of the technology company’s stock worth $388,000 after purchasing an additional 281 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in International Business Machines during the 4th quarter worth about $370,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $268.95 on Friday. The stock has a market cap of $249.96 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $166.81 and a 1-year high of $270.17. The stock’s 50-day moving average is $248.17 and its 200 day moving average is $241.98.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.18. The company had revenue of $14.54 billion for the quarter, compared to analysts’ expectations of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. International Business Machines’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. On average, sell-side analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $1.68 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.50%. International Business Machines’s payout ratio is 115.66%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of International Business Machines in a report on Wednesday, May 7th. UBS Group reissued a “sell” rating and set a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a report on Wednesday, April 23rd. Erste Group Bank raised International Business Machines from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Oppenheimer started coverage on International Business Machines in a report on Tuesday, February 11th. They issued an “outperform” rating and a $320.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $249.06.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.